Ecom Express sees slower revenue growth in FY18

Ecom Express saw its revenues grow slower for the financial year 2017-18 at ₹578 crore, a 17% jump since last financial year, when the company had seen a near 40% year-on-year growth in revenues.Mugdha Variyar | ETtech | November 08, 2018, 08:05 IST

Logistics company Ecom Express saw its revenues grow slower for financial year 2017-18 at ₹578 crore, a 17% jump since last financial year, when the company had seen a near 40% year-on-year growth in revenues.

The company was able to keep its losses curtailed at ₹72 crore during the fiscal, similar to last year’s loss figures, regulatory filings sourced from Tofler showed.

CEO TA Krishnan had told ET in May that the company had seen growth of 40% in FY18, though CFO Mayank Gupta clarified that it was the exit run rate based on the past two quarters of the fiscal year.